Many companies expect digitalization to boost sales in coming years, but, so far, relatively few are already seeing this trend materialize, according to a new poll conducted by management consultants Horvath & Partners. The survey of 200 decision makers in German speaking companies found that 52 pc see some sales growth as a result of Read More..

Big data technologies are increasingly in demand when companies develop digital business models, according to a new poll by consultants Capgemini. The poll also found that cyber security has become an even bigger priority for CIOs. More than two-third of CIOs expect digitalization to radically change existing business models and 63 pc of them see Read More..

Autonomous-vehicle technology start-up Aurora raised 90 million dollars in a financing round led by two venture capital companies, Greylock Partners and Index Ventures. Aurora was co-founded by Chris Urmson, the former Google executive who spearheaded that company’s autonomous car initiatives. Urmson now is CEO of Aurora. Reid Hoffman, Greylock partner and one of the co-founders Read More..

Robert Bosch has formed a separate division that will focus on mobility technologies, including car sharing, ride sharing and connectivity-based services. The German automotive supplier also announced that it had acquired Splitting Fares (SPLT), a US start-up that has developed a ride-sharing platform specifically aimed at companies and commuters. Bosch has for the past 10 years Read More..

Geely founder and CEO Li Shufu has become Daimler’s biggest shareholder, marking a reshuffle in the relationships between some of the world’s biggest automakers. Li already owns Geely as well as Swedish premium car maker Volvo Cars. Geely Holding also is the biggest shareholder in Swedish truck maker AB Volvo. And it has controlling stakes Read More..

Many IT projects raise key questions, for example, in the wide-ranging field of artificial intelligence, says Renata Jungo-Bruengger, the Daimler board member responsible for integrity and legal affairs. That’s why the attorney wants to promote legal clarity on complex IT issues. Jungo-Bruengger, who is Swiss, has a law degree from the University of Zurich. She joined Read More..

Toyota Motor announced a commitment Monday to start selling a much broader range of full electric and other electrified vehicles in coming years, moving away from a heavy reliance on its pioneering hybrid-electric technology. The Japanese car group said it aims to have annual sales of more than 5.5 million electrified vehicles by 2030, including Read More..

Stefan Sommer is stepping down from his position as CEO of ZF Friedrichshafen with immediate effect, the German automotive supplier said Thursday. Sommer’s departure follows a change at the company’s supervisory board recently as well. There, Chairman Giorgio Behr stepped down late last month. He was replaced by former Volkswagen Group executive Franz-Josef Paefgen. The Read More..

PSA/Peugeot-Citroen has appointed a company insider, Christophe Rauturier, to succeed Brigitte Cantaloube as CDO of the Paris-based automotive group. Rauturier joined PSA in 1990 and has, in the past 27 years, held a range of positions at the company. Most recently, he served as director of PSA’s Customer Digital Factory, a division tasked with delivering digital transformation Read More..